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Income Tax - Highlights / Catch Notes

Home Highlights September 2016 Year 2016 This

The amount of payment of interest are hire purchases cannot be ...


Section 194A Inapplicable: Interest in Hire Purchase Agreements Not Classified as Taxable Interest Under Income Tax Act.

September 14, 2016

Case Laws     Income Tax     AT

The amount of payment of interest are hire purchases cannot be characterized as interest payable and this provisions of Section 194A of the Act are not attracted in such transactions - AT

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